Venture / Private equity

Russia’s Bright Capital takes part in yuilop’s €4.5 million Series A round

May 23, 2012

yuilop, a Barcelone, Spain headquartered startup, announced yesterday that it has closed a €4.5 million Series A round led by Hamburg-based Shortcut, and co-investors, Russia’s Bright Capital and private telecom investor Bruno Ducharme, as well as continued participation of existing investor Nauta Capital. The funds will be used to drive yuilop’s aggressive international expansion and continuous …

Russia’s Bright Capital takes part in yuilop’s €4.5 million Series A round Read More

Online furniture retailer HomeMe.ru secures $5 million from leading Russian and Western funds

May 23, 2012

HomeMe.ru, a website offering furniture and some home accessories, announced last week it has raised $5 million in a Series A round of financing from Russian venture funds AddVenture and ABRT, as well as from Mangrove Capital Partners, a fund headquartered in Luxembourg. Launched in early 2012, HomeMe.ru currently has an assortment of 2,000 stock …

Online furniture retailer HomeMe.ru secures $5 million from leading Russian and Western funds Read More

Finam Global to offer growth capital in TMT companies worldwide

May 22, 2012

Finam, one of Russia’s most well established financial groups, has launched Finam Global, an international fund that groups its existing investment units operating in the technolgy, media and telecommunication (TMT) sector. Among the assets included in the new fund’s portfolio are such major Russian Internet companies as dating site Mamba.ru, context advertising service Begun, and …

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David Waroquier of Mangrove Capital Partners: “In the coming two years, we expect to see a few major exits in the e-commerce sphere.”

May 21, 2012

A pioneer among foreign investors on the Russian venture scene, David Waroquier of Mangrove Capital Partners is a recognized expert of the local Internet ecosystem and a reference partner for several Russia-based ventures. He shared with East-West Digital News his vision of the fast-growing Russian online retail market, its challenges, and the possible exit scenarios for investors in this industry. …

David Waroquier of Mangrove Capital Partners: “In the coming two years, we expect to see a few major exits in the e-commerce sphere.” Read More

Qualcomm could invest “hundreds of millions of dollars” in Russian tech companies

May 15, 2012

Qualcomm, a leading US-based international provider of wireless technology and services – with a particular emphasis on chipsets for smartphones – is ready to invest “hundreds of millions of dollars” in Russian tech companies, Senior VP Anastassia Lauterbach told the Russian business daily Kommersant. According to its strategic plan adopted in late 2011, Qualcomm will …

Qualcomm could invest “hundreds of millions of dollars” in Russian tech companies Read More

Rocket Internet receives $200 million from Russian-American billionaire Len Blavatnik

May 11, 2012

Rocket Internet, the Samwer brothers’ famous Berlin incubator, has received a $200 million investment from Access Industries, a US based industrial holding owned by Russian-American billionaire Leonard Blavatnik. The news was reported earlier this week by Berlin-based tech blog VentureVillage.com, which cited unnamed industry sources. The amount has placed Access Industries second behind Swedish investment …

Rocket Internet receives $200 million from Russian-American billionaire Len Blavatnik Read More

Russian fund to invest €20 million in French startups as Russian-French tech ties grow

May 9, 2012

The Russian high tech fund New Generation Investment (NGI) announced last week that it will launch a €20 million division dedicated to French startups, the French business daily Les Echos reported. “We are focusing on telecoms, web technolgies and tech-oriented media,” said NGI shareholder Leonid Reiman. France will serve as a testing ground for one …

Russian fund to invest €20 million in French startups as Russian-French tech ties grow Read More

Avito.ru secures $75 million from Accel Partners and Baring Vostok

May 2, 2012

Avito.ru, Russia’s leading classifieds site by brand awareness and number of users, announced today that it has received $75 million in new funding from Baring Vostok Private Equity Fund IV and Accel Partners as well as from existing investors Kinnevik and Northzone. The valuation has not been disclosed, but Avito’s press service told East-West Digital …

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Report: M&A in the Russian communications and media sector in 2011 and early 2012

April 30, 2012

2011 was a rather disappointing year for M&A both globally and in Russia. Compared to the 6% decline in the value of global M&A deals, Russia’s M&A market experienced an even stronger reduction in value, by almost 28%. This is a sign of its continuing higher volatility, but also the result of fewer mega deals …

Report: M&A in the Russian communications and media sector in 2011 and early 2012 Read More

Why European business angels come to Russia’s regions

April 28, 2012

I recall discussing last month some innovation rankings and a number of top-ranked regions of Russia highlighted by RBC daily and its Russian official partners. Siberia was worth praising; it had shown such a terrific innovation spurt. Such national rankings are useful and interesting. But there are also other indicators for an innovation economy, and …

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Java application cloud-based hosting platform Jelastic completes $2 million round

April 27, 2012

Earlier this week, the Ukrainian-Russian-American startup Jelastic, which offers a cloud-based hosting platform for Java application developers, announced it has secured an investment of $2 million from Almaz Capital Partners and Foresight Ventures. This ‘Series A’ funding round brings the startup’s total financing to $2.5 million. In December 2010, Jelastic received seed funding from Runa …

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Fast Lane Ventures secures $18 million in a round led by VTB Capital

April 26, 2012

VTB Capital, the venture investment arm of leading Russian state-controlled financial group VTB Group, has led a $18 million investment round in Fast Lane Ventures, a Western style Internet investment company operating in Russia. Investors from Fast Lane’s two previous rounds are also participating in the operation. They include eVenture Capital Partners and “some business …

Fast Lane Ventures secures $18 million in a round led by VTB Capital Read More

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